Symitar edges to new record with six credit union clients
Jack Henry’s subsidiary Symitar has set a new record with the addition of six new US credit unions to its Episys core processing system in one fiscal year.
All of these credit unions have more than $1 billion in assets and Symitar says getting six new relationships in one fiscal year breaks its previous record of five. Its fiscal year ends 30 June 2017.
The $1.3 billion-asset Credit Union of Texas, based out of Dallas, is one of these additions, selecting Episys for in-house processing. Eric Pointer, the credit union’s president, says Episys is “simply the best fit for our needs due to its high level of customisation and extensive third-party integration”.
Four of the other credit unions will also deploy Episys in-house, including the $1.1 billion Black Hills Federal Credit Union in Rapid City, South Dakota; and $2.3 billion Langley Federal Credit Union in Newport News, Virginia. The latter is replacing the PhoenixEFE core system from Symitar’s rival D+H, Banking Technology understands.
Minnesota-based Affinity Plus Federal Credit Union with assets of $1.9 billion was the sixth signing. The credit union has opted to run Episys in an outsourced environment via Symitar Ease. The two others have not been named by Symitar.
Symitar adds that all of the six will implement other (unspecified) offerings from Jack Henry to “further enhance” their core platform.
